It is 11 p.m. on a Tuesday, and your car makes a sound it has never made before. The mechanic's estimate the next morning: $850. Or the furnace quits in February. Or your hours get cut and the next paycheque comes up $600 short. Here is the question that decides what happens next: do you have $1,000 you can reach without borrowing? For a huge number of Canadians, the honest … [Read more...] about The $1,000 Starter Emergency Fund: Your First Safety Net
Canadian personal finance
How to Pay Off Credit Card Debt Fast: The 4-Step Kill Plan
Pull out your last credit card statement and find the little box the law requires your card issuer to print. In Canada, that box shows what happens if you only ever make the minimum payment. On a few thousand dollars of balance, it reads like a horror story: decades of payments, and thousands of dollars in interest — often more than the original debt itself. That box exists … [Read more...] about How to Pay Off Credit Card Debt Fast: The 4-Step Kill Plan